The US reportedly again pushed back a deadline set for ByteDance to agree a sale of its TikTok operation, with the Committee on Foreign Investment in the US (CFIUS) weighing in.
BBC News reported CFIUS extended the deadline from 27 November to 4 December to allow more time for its review of a sale deal involving Oracle and Walmart [1].
CFIUS approval for the deal is required.
On 14 August, President Donald Trump ordered ByteDance to divest its US operation within 90 days or face a ban.
The Chinese company reached an agreement with the US companies in September, but the President was reportedly unwilling to clear the sale until national security concerns [2] were addressed.
Earlier this month, a court granted ByteDance a two-week extension [3] to the original 12 November deadline after the company stated it had received little in the way of feedback on its planned sale.
[1] https://www.mobileworldlive.com/featured-content/home-banner/oracle-to-take-control-of-tiktok-us-operations
[2] https://www.mobileworldlive.com/apps/news-apps/trump-reluctant-to-clear-oracle-tiktok-deal
[3] https://www.mobileworldlive.com/apps/news-apps/tiktok-given-us-reprieve-though-storm-clouds-remain
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